Adaptive reuse gains popularity as economy improves

As the economy rebounds and the hotel development arena improves, adaptive reuse is on the way back, too. In the lodging industry, adaptive reuse involves converting a building with a former purpose into a hotel. "As you go around the country, you’re going to see adaptive reuse of historic buildings," said Michael Cahill, CEO and founder of Hospitality Real Estate Counselors. "Anywhere from train stations to bank buildings to post offices, you’ll see a lot of these that have been done successfully into hotels. And when they work, they’re a very beautiful thing."